Gas Prices and Price Gouging - Truth or Fiction?

May 13, 2007 · By Joel

For all the time, and thought, and money that goes into HR departments, for all the myriad tests and tricks and screens and filters we’ve devised to weed out the dumb, we still fail. Often.

I have, I believe, a rather elegant solution. It’s not perfect. It can’t identify the smart. But it will surely capture a rather large portion of the terminally stupid. Ready?

If a person complains about “price gouging” by gasoline retailers, he is too stupid to be trusted with anything more complex than a spatula.

Terence Corcoran explains why:

Dumb is easy, and of all the dumb stories in the media world, the easiest by far is the robotic visit to a gas station to plumb popular outrage over gasoline prices. A moron could do it, especially when equipped with the even dumber piece of junk research issued yesterday by the Canadian Centre for Policy Alternatives.

Or, as we call it around here, the Canadian Centre for Alternatives to Good Policy. Gas Price Gouge: The Sequel, said the centre’s little three-page piece by consultant Hugh Mackenzie.

Read the whole thing.

Comments

6 Responses to “Gas Prices and Price Gouging - Truth or Fiction?”

  1. Kevin on May 13th, 2007 6:47 pm [#]

    The left is just trying to capitalize on the current high gas prices. The free market is not working vote for us socialists and we will save you. For anyone who is inclined to believe them wage and price controlls were tried in the 80’s they didn’t work then and they won’t work now.

  2. Smarter than Ezra on May 13th, 2007 7:13 pm [#]

    Shane is stupid.

    ‘Nuff Said.

    http://www.thepolitic.com/arch.....en-awhile/

  3. jckirlan on May 13th, 2007 8:35 pm [#]

    What are the lefties whinning about. This is exactly what they wanted with Kyoto;only it’s here earlier. Are Canadians this stupid as to fall for this Kyoto crap and not realise that their standard of living will go waaaaay down? Damn the CBC and the Liberals/NDP for making Canadians this stupid, vapid and gutless.

  4. Richard on May 13th, 2007 10:26 pm [#]

    I love it — I only hope fuel keeps going up in price. If it hits $1.50/L, I figure I’ll have a lot more highway to myself.

    And I could care less if the price increase is due to macroeconomic factors or the idiotic “price gouging” excuse. As long as it continues to head north.

  5. Grumpy Old Man on May 14th, 2007 2:44 am [#]

    Saturday night while talking with a friend, she commented that she was royally peeved at the price of gas. AND she said the (expletive) gov’t “should do something or she wouldn’t vote for them!”

    So, it is a concern for average voters, and the Conservatives should find some way to neutralize this problem. Because the voters “believe” the gov’t can control gas prices, whether or not it’s true no longer matters…

  6. Grog on May 14th, 2007 7:31 am [#]

    If a person complains about “price gouging” by gasoline retailers, he is too stupid to be trusted with anything more complex than a spatula.

    Really? You don’t find even the slightest bit suspicious how quickly a refinery problem somewhere turns into an across the board hike at the pumps? (coincidentally, an amazingly consistent across the board change)

    Whether the causal relationship is macro or micro-economic in nature is moot. Most people on the street see one thing - every fscking gas station (across all brands) in an urban region hit the same price within a few hours of each other.

    It’s not hard to see how people would suspect collusion - and given the evidence in front of them, can you really blame them?

Got something to say?